secwatch.observer — SEC 8-K summary
======================================

Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-07-27T20:31:19+00:00
Accession:  0001408534-26-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares reports Q2 net income of $3.4M vs loss of $7.3M; Texas branch sale expected July 31
--------------------------------------------------------------------------------

- Net income of $3.4M in Q2 2026 vs loss of $7.3M in Q2 2025; EPS $0.17 vs ($0.61).
- Total loans decreased 14.7% to $1.8B; nonaccrual loans down $19M to $40.6M.
- Provision for credit losses fell to $2.6M from $16.6M; charge-offs rose to $7.7M from $1.1M.
- Agreement to sell Texas operations to Armstrong Bank for ~$227M deposits and $93M loans; expected close July 31, 2026.
- Bank Total Capital ratio improved to over 16% at June 30, 2026 from 11.28% a year earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000057/0001408534-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000057/fgbi-20260727.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer